Trump criticizes Powell; Stocks steady; Kohl's earnings

1. Trump on the Fed: President Donald Trump has again criticized Federal Reserve Chairman Jerome Powell over his handling of monetary policy.

In an interview with Reuters, Trump said he is "not thrilled" with Powell for raising interest rates, arguing the central bank should do more to help the US economy.

"Markets have not particularly liked US President Trump's comments, seeing them as a threat to the independence of the central bank," said Paul Donovan, global chief economist at UBS Wealth Management.

The comments helped push the dollar lower against a range of global currencies. US government bond yields declined but have since stabilized.